Reply With Quote
Unlike you, I woke up this morning and made a conscious decision to like women and bang chicks. I been busy, boy.
But these same executives were touting how well the company was doing, only to show a month later (after they dumped their stock options) the company was actually sucking. At least that's what the lawsuit alleges.
The stock didn't vest until May. They sought (and received - executives only) a waiver to sell earlier. I doubt they dumped half a billion dollars in stock out of mere tax concerns.
Unlike you, I woke up this morning and made a conscious decision to like women and bang chicks. I been busy, boy.
sell out b4 making annual announcement...i see...typical racket
Am I to understand that, that by extension of your logic, insiders can never sell? After all, there are quarterly reports...
You didn't follow his logic well.... at all.
Employees are "insiders" too, and they were not allowed to sell until after the quarterly report.
Riddle me this.
How many stocks from the IPO offering that the insiders bought during the offering did the insiders sell before the end of quarter?
What does that matter? They dumped the secondary offering stocks they received for $12 a pop and made upwards of $500 million under a special arrangement they made with the underwriters, that allowed only the executives to cash in a month before the quarterly results, while every other "insider" or not was forbidden to do so. When the quarterly report came in, turns out the company was hurting and the stock was worth only $3 a pop.
The underwriters got paid $15 million in fees for the secondary offering + granted 6+ million shares of stock.
Was there any wrongdoing? We'll find out. But sure as looks like some people were desperately trying to cash out before the quarterly report.
It matters because its a different set of rules, your you try to make it out as if they have to follow the same waiting period.
Another thing.
Who got hurt?
The stock would have likely dropped anyway. IPO's very often take a dive. It's not unusual. An IPO is a high risk investment.
They originally had the same exact waiting period, executives and non executives. The requirement was waived by the underwriters under the secondary offering.
But that's the point, dumbass. They were allowed to cash out before the stock sunk. The other "insiders" or public were left with semi-worthless paper.
So?
It still doesn't clear you of bring to this forum a linked story that assumes the worse and spins the worse, for the lemming lib masses to consume.
I thought you were better than that. Sorry for my mistake.
What is "assumed and spin" on the story?
Yes, you're mistaken a lot lately.
You need to learn to read between the lines.
So it's all in your head
No, in yours.So it's all in your head
You were towing the line, not me. I mentioned the read between the lines to point out you need to understand the difference between what is true and not by parsing what is written. Point is, you ran hook line and sinker with the "fishy" crap. You didn't verify. This is what was intended for the reader to glean between the lines without them lying. You need to go at least two steps farther. What is factually said, and to verify what is implied. They let their lemming readers like you, read between the lines what is implied, and let you do the slander rather than them.
You already made up your mind.
lol chastising anybody for having an opinion
lol authoritarian
A point some of you are not addressing is the fact that the investors that had the heads up on the stock going down could have easily warned others but they kept it a secret. I'm sure if all of us bought SpursTalk stocks at 20 dollars a share and found out it was worth only 2.00 dollars a share and only posters with 5,000 post count were notified a month in advanced some of you would be pissed.
I sold Spurstalk at 22 .
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions